USD/JPY: Situation Remains Unchanged. | 01 April 2024
01 April 2024, USD/JPY
Since the last review, the situation with this pair has not changed in any way. The price has frozen in a very narrow price range without making any attempts to either grow or go down.
Probably, everything has frozen in anticipation of any news that could give an impetus for the start of a directional movement. At the same time, the current wave pattern on the daily chart suggests the development of an upward movement, due to the formation of Wave 5 of V of the final diagonal triangle.
Therefore, a breakdown and consolidation of the price above the resistance level is considered a signal to conclude purchase deals.
Investment Idea: buy 152.00, stop loss 151.75, take profit 155.00.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
